Posted by Shawn M. Crawford on December 13, 1999 at 06:53:30:
do a take off on the damage and the needed repairs…then compare your potential costs for the project v. your potential resale value.
This is the only way to gauge any project.
Shawn
ps if you have specific questions regarding fire damaged homes please post and I will reply accordingly.
When is there to much DAMAGE to REHAB? - Posted by Tony James
Posted by Tony James on December 12, 1999 at 20:43:37:
There is this nice size house. In a good area. But there was a fire there. They broke all the windows, Put a whole in the roof, electrical problem, and probably more. But the place is worth $90,000. They want $19,000 for it. I could probably talk them down to $15,000. Is it worth investing in a Rehab with so many problems?